Differences between Western nations led by the U.S. and China-aligned economic blocs threaten global trade cooperation and economic growth, as a top IMF official warned. Escalating tensions between Washington and Beijing could potentially cost the world's GDP up to 7%.
Tags: China
Chinese Companies Dominate Licensing Bids to Explore Iraq Oil and Gas Fields as US Snubs Energy Bidding Round
Chinese companies won five more bids to explore and develop oil and gas fields in Iraq. Chinese companies won five more bids for licenses to explore and develop oil and gas fields in Iraq as the hydrocarbon exploration licensing round of the Middle Eastern country entered its second day.
Chinese Hedge Fund Zhejiang Ruifengda Under Investigations Over Suspected Illegal Activities
China's securities watchdog is investigating Zhejiang Ruifengda Asset Management Co. due to allegations of illegal activities, including failing to repay investors and a missing controlling shareholder, as the hedge fund manages assets exceeding $469 million.
US Tariffs on Chinese EVs, Green Tech to be Announced Next Week, Reports Say
White House officials said the Biden administration would impose a massive tariff increase on Chinese electric vehicles in an announcement on May 14.
Chinese EV Maker Zeekr Makes Debut in US IPO, Raises $441 Million as Shares Skyrocket by 24%
Zeekr's US IPO soars, raising $441M with a 24% share surge. Amid Chinese EV market competition, Zeekr eyes global expansion, delivering 49,148 vehicles in 2024.
Latest News
Tesla is sending senior executive Tom Zhu back to China following declining sales in the competitive electric car market. The company hopes to address challenges in the region.
A surge of approximately 12% in iPhone shipments was recorded in China for the month of March, thanks to up to 10% discounts initiated by Apple and its partners. This follows a 37% sales decline earlier in 2024 and heightened competition from Huawei.
Data analysts from the German cybersecurity consultancy SRLabs said that a large network of fake online designer shops apparently operated from China have stolen money and personal data from over 850,000 people in Europe and the United States.
French cognac makers saw their stocks surge after President Emmanuel Macron hinted at easing trade tensions with China.
A former TikTok executive claims that CEO Shou Zi Chew mainly serves as a "conduit" for ByteDance executives who truly make the decisions for the platform.
The British Ministry of Defense has recently encountered a cyberattack on its third-party payroll system, which serves active and retired military personnel.
Xi Jinping's visit to France amid EU tensions highlights economic cooperation, opposing a "New Cold War."
General Motors might need to leave China as losses mount to $106 million in just three months, the third time in 15 years.
A man in China ran a modus operandi using 4,600 phones to fake live-stream viewer counts, earning $415,000 in less than four months.
